Epoch Investment Partners Inc. lowered its stake in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 6.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,213,604 shares of the semiconductor company’s stock after selling 153,441 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $97,754,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TSM. Stratos Wealth Partners LTD. bought a new position in Taiwan Semiconductor Mfg. in the third quarter worth approximately $114,000. Gamble Jones Investment Counsel bought a new position in Taiwan Semiconductor Mfg. in the third quarter worth approximately $115,000. Flagship Harbor Advisors LLC bought a new position in Taiwan Semiconductor Mfg. in the second quarter worth approximately $120,000. First Hawaiian Bank bought a new position in Taiwan Semiconductor Mfg. in the third quarter worth approximately $124,000. Finally, LFA Lugano Financial Advisors SA bought a new position in Taiwan Semiconductor Mfg. in the third quarter worth approximately $140,000. Institutional investors own 19.35% of the company’s stock.

Several research firms have weighed in on TSM. Zacks Investment Research downgraded shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “sell” rating in a research report on Tuesday. Morgan Stanley upgraded shares of Taiwan Semiconductor Mfg. from an “underweight” rating to an “equal weight” rating in a research report on Friday, November 16th. Finally, ValuEngine downgraded shares of Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Taiwan Semiconductor Mfg. currently has an average rating of “Buy” and an average target price of $46.00.

Shares of TSM stock opened at $37.44 on Thursday. The firm has a market cap of $194.94 billion, a PE ratio of 17.25, a PEG ratio of 1.18 and a beta of 1.18. Taiwan Semiconductor Mfg. Co. Ltd. has a one year low of $35.22 and a one year high of $46.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.34 and a current ratio of 2.67.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its quarterly earnings data on Thursday, October 18th. The semiconductor company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The firm had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $257.92 billion. Taiwan Semiconductor Mfg. had a net margin of 34.38% and a return on equity of 22.62%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $3.47 EPS. On average, equities analysts forecast that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.19 EPS for the current fiscal year.

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Taiwan Semiconductor Mfg. Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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Institutional Ownership by Quarter for Taiwan Semiconductor Mfg. (NYSE:TSM)

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